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Nevada November sports betting handle reaches record $614.1m


Nevada’s sports betting handle reached a new high watermark of $614.1m as the state’s casinos took in a total of $937.5m in revenue.

The state’s gambling establishments took in $31.0m in revenue, up 14.3% year-on-year. Football was by far the most popular sport, bringing in $22.5m on stakes of $384.6m. Basketball followed, taking in $8.1m from $399.3m worth of wagers.

Players bet $11.2m on sports parlay cards, with operators taking in $2.4m, while casinos made $4.2m on $53.2m from other sports.

Casinos in the state lost $6.2m in revenue from baseball despite receiving only $240,284 worth of wagers, as operators paid out the results of bets on October’s MLB World Series.

The total sports wagering handle in the state remained ahead of New Jersey, which set a record handle of its own in November. Revenue, however, was slightly below the Garden State’s $32.9m.

The state’s overall revenue was down 3.1% from 2018, the lowest total since April 2019 and below $1bn for the first time since August.

Slot machines continued to make up the majority of Nevada’s gambling revenue, at $616.7m, a 2.9% year-on-year decline, as players spent $9.61bn on slots.

Multi-denomination slots remained the most popular format of slot machine, with players staking $5.19bn and casinos taking in $252.5m. Penny slots were the largest source of revenue, bringing in $270.3m as players spent $2.91bn on the machines.

Revenue from all slot machines with denominations of $5 of below declined, but $25 slot revenue increased 67.5% to $3.6m and $100 slot machine revenue increased slightly to $3.6m.

Card, table and counter game revenue, including sports betting, also declined – by 3.5% to $320.8m. Twenty One was the most popular game and largest source of revenue, with takings of $86.1m, down 1.7%, on $648.2m of stakes.

Baccarat declined to second place in both revenue and stakes. Revenue for the game fell 22.7% to $75.5m as players staked $557.1m.

Roulette and craps were the next largest sources of revenue, at $31.8m and $31.7m respectively.

Clark County, which includes Las Vegas, contributed $805.2m, down 3.4% year-on-year. The Las Vegas strip area brought in $517.9m, down 3.1%.